Exceptional mixed-use investment opportunity in a growing community serving as a desirable bedroom community to Telluride. This income-producing property features 2 commercial spaces and 6 residential units across two buildings, including a separate 3-bedroom, 1-bath home. The main building offers five rental units plus two commercial spaces, creating a diverse and stable income stream. Ample parking, on-site laundry facilities, and additional storage. With a strong rental history and consistent income performance, this turnkey property is ready to go while still offering future upside and investment potential in an increasingly desirable market with continued regional growth and housing demand.

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Basic Information

Parcel Number R2010213606

Location

Address1175 Grand Avenue
AreaNorwood/Redvale (Major Area 50)
Building Number1175
CountySan Miguel County
Mls Area Minor Norwood/Redvale (Major Area 50)
StateCO
StreetGrand Avenue
SubdivisionNone
TownNorwood
Zip81423

Water Body

Water AccessCity

Other

Date Listed06/01/2026
Major Change Type New Listing
Special Listing Conditions Leased
View Count39

Tax Information

Taxes$4,930

Rooms

Bathroom8
Bathrooms Total Decimal 7
Full Bath6
Half Baths2

Building

Year Built1974

Exterior

RoofMetal

Utilities

Common Utilities Regular Phone
Heat SystemElectric
Heating FuelNatural
Heating YN Yes

Parking

Open Area Parking 3 Car +

Basic Information

List Price$1,474,800
MLS Number44539
Mls Status Active
Modification Date06/09/2026
Property SubTypeMixed Use
Property TypeCommercial/Industry
StatusACT

Property Information

Acreage0.55
Lot Size Square Feet 21,450
Square Feet5,939

Legal

ZoningResidential/Commercial

"Based on information submitted to Telluride AOR as of October 15, 2026 7:48 AM UTC . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing."

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1175 Grand AvenueNorwood, CO 81423MLS Number 44539

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1175 Grand AvenueNorwood, CO 81423MLS Number 44539

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